bitcoin crypto news

2022-05-01 16:34:45 US crypto adoption remains high despite global inflation fears

New DappRadar report provides wide-ranging insights into the performance of the crypto and Web3 space throughout Q1 of 2022.A quantitative analytics report published by DappRadar has unveiled a number of revelatory behavioral market indicators for the global adoption of digital assets.

The blockchain data portrays a positive sentiment for the Web3 and metaverse sectors, especially in the United States; a reactionary rise in crypto interest throughout Ukraine and Russia following the outbreak of the conflict and the impact of the well-documented surge i gas prices throughout Europe on inflationary metrics.Many of the leading metaverse platforms like Decentraland (MANA), The Sandbox (SAND), Somnium Space (CUBE) and Roblox have attracted a large portion of their user base from the U.S. Open / Comment

2022-05-01 15:47:29 62% Of Brazilians Consider Crypto To Be The Future Of Finance

According to a report by crypto exchange Kucoin, over half of the Brazilian adult population believes in crypto taking over as a store of value and means of payment in the future.

Brazil, which is the sixth most populous country in the world has suffered an economic beatdown with inflation doubling in the past year to 10% annually. In addition, a large population of adults remains unbanked or underbanked contributing to a large part of the population transitioning to cryptocurrencies.The report further revealed that 34.5 million Brazilians, which represent 26% of the population aged 18 to 60 have operated cryptocurrencies in the past six months. Open / Comment

2022-05-01 12:07:49 Crypto investment product trading volumes decline for 6th month as investors seek direct exposure

Although the cryptocurrency market has received significant attention from traditional investors in the form of crypto investment products like exchange-traded funds (ETFs) and exchange-traded notes (ETNs), data shows the trading volumes of these products have recorded a steady decline.

Indeed, the average daily trading volumes across different crypto investment product types fell about 16.3% from March to April – to $244 million, according to the latest Digital Asset Management Review by crypto analytics platform CryptoCompare published on April 28.As per the report, April is the sixth consecutive month recording a decline in trading volumes. Open / Comment

2022-05-01 09:48:20 Rich Dad Poor Dad Author Warns ‘Everything Bust’ Is Coming, Says Gold, Silver and Bitcoin Will Far Outperform US Dollar

Robert Kiyosaki believes the US may be spiraling toward another crash and a great depression.

Bitcoin may save the future economy Open / Comment

2022-04-30 19:35:43 Institutional Investors Overwhelmingly Betting on Crypto Takeover This Decade: New Survey

The survey involved 5,502 institutional investment decision-makers and 23,113 retail investors from 23 countries across Africa, Asia-Pacific, Europe, Latin America, the Middle East and North America.

The result, which was published in the first Bitstamp Crypto Pulse report, shows that 80% of institutions believe that digital assets will overtake traditional investment vehicles within a decade. An overwhelming majority of institutional respondents, or 88%, also think that crypto will have mainstream adoption within the same period. Open / Comment

2022-04-30 10:49:58 India to take a considered view on cryptocurrency

Considering cryptocurrencies can be widely misused, India will take a considerate decision on regulation around it without hurting innovation, Finance Minister Nirmala Sitharaman conveyed during an interaction at Stanford University.

"It will have to take its time...all of us to be sure that at least with a given available information, we're taking the decern decision. It can't be rushed through," FM Sitharaman said pointing out that in absence of proper regulation cryptocurrencies can also be manipulated for money laundering or terror financing. India is planning to introduce central bank-backed digital currency or Central Bank Digital Currency (CBDC). Announcing the same in her budget speech, the finance minister had said, “The digital rupee or CBDC would be issued by the RBI in the coming fiscal year." Open / Comment

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2022-04-29 21:05:31 Finland Plans to Donate Seized Bitcoins to Help Ukraine: Report

Finland is planning to donate bitcoin (BTC) seized from various criminal investigations undertaken by its government to Ukraine, Finnish paper Helsingin Sanomat reported, citing government sources.

The amount of bitcoin to be donated has not been determined yet, but the potential amount could be worth as much as 73 million euros ($77 million) at current prices, according to the report.Finland began looking into the use of bitcoins to help Ukraine in early March, the report said. Finland has also considered donating 1,981 bitcoins seized by its customs department directly to Ukraine. Open / Comment

2022-04-29 17:17:32 Edward Snowden Helped Create Zcash Privacy Coin

Edward Snowden, the famed National Security Agency whistleblower, helped launch Zcash in 2016, a representative of the Zcash inventors Electric Coin Company told Decrypt.The culmination of the creation ceremony involved destroying the keys.

Snowden joined Zcash creator Zooko Wilcox, Bitcoin core developer Peter Todd, Coin Center's Peter Van Valkenburgh and two others in launching the Zcash blockchain. In a process known as "trusted setup," the six participants each received a sliver of the private key needed to create the cryptocurrency. Previously, the identity of the sixth participant was known by the pseudonym "John Dobbertin." Open / Comment

2022-04-29 07:29:04 Crypto Lender Becomes First Credit Shop to Expand on Solana

Maple’s product primarily targets institutional lenders, including individuals, aiming to allocate otherwise “idle” capital to a “diversified” liquidity pool, according to a statement Monday. The protocol also said it has become the only multichain capital markets solution in the industry.

Following its recent, fast expansion onto the Ethereum blockchain, Maple said it was hoping to capture a portion of the “massive financing needs” of the Solana ecosystem. Mounting ether gas fees (fees to power network transactions), as well as Solana’s high number of big-money investors, have helped drive Maple’s expansion to seek alternatives, it said. Open / Comment